Viewing a response to: @anadolu/about-centg-token-liquidation
So sell all the centg? What are you trying to say? Or are you buying it all back? Maybe you should be more clear about what's going down.
| author | ganjafarmer |
|---|---|
| permlink | re-anadolu-202447t223621704z |
| category | hive-173575 |
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|---|---|---|---|---|---|
| anadolu | 0 | 526,644,163,790 | 25% |
Hello. This is not a token sale. Please read the above post carefully. There are 1000 CentG tokens in circulation. It will all be buy back and burned. The project will continue where it left off without the CentG token.
| author | anadolu |
|---|---|
| permlink | re-ganjafarmer-sbm032 |
| category | hive-173575 |
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| created | 2024-04-08 05:47:27 |
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That is exactly why I'm asking the question because you are not very clear in your post. Yeah I'm just going to dump my holdings. Since obviously you guys are ditching it as well
| author | ganjafarmer |
|---|---|
| permlink | re-anadolu-202447t225920293z |
| category | hive-173575 |
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It's been nearly a year since the "Hive-Engine Investments" announcement. We've also added a few availability areas for CentG. A high percentage of rewards are also distributed in CENTG pools. However, it did not see the expected demand from users. The amount of CentG I purchased from my personal account for Hive exceeded 170 CentG. The @centtoken account had started to use a large portion of the income it earned from "Hive-Engine investments" transactions to keep the CentG price at a certain level. Therefore, the CentG token started to become a hindrance for the project. Liquidity providers sell the CentG token, which is the LP reward they receive, using liquidity pools. Arbitrage bots balance the price in the pools by selling Cent from the Hive/Cent market. However, this constantly suppresses the Cent price. Please take a look at the Hive/Cent market. The majority of heavy sales are made by arbitrage bots. Additionally, shifting the "Hive-Engine Investments" work to Cent will make Cent Token more attractive.
| author | anadolu |
|---|---|
| permlink | re-ganjafarmer-sbm1i0 |
| category | hive-173575 |
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